KAUNO ENERGIJA

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 26 April 2001, at the general meeting of AB Kauno Energija shareholders

it was decided to:

1) approve the auditing firm "Deloitte & Touche", which was elected by way

of tender, to conduct audit of economic and financial activity of

AB Kauno Energija in 2000;

2) approve report of the Board on the company’s activities in 2000;

3) approve report of the internal auditor;

4) approve the audited financial statements for 2000;

5) allow to cover net profit of 2000 amounting to LTL 32,468,490 by difference

of LTL 13,734,371 between the own capital and the reduced authorised capital

and by LTL 39,099 transferred from the required reserve; approve the loss for

2000 amounting to LTL 18,695,020;

6) authorise the Board to adopt decisions in 2001 regarding mortgage of a share

of the long-term assets worth more than 1/20 of the value of the authorised

capital (list included);

7) approve a new draft of the concluding part of the reorganisation project

approved at the general meeting of AB Kauno Energija shareholders as of

21 February 2000;

8) approve new wording of the Articles of Association of AB Kauno Energija.





J. Sereikienė

Head of assets management unit

(27) 36 12  96